Abu Dhabi – Mubasher: The Central Bank of the UAE (CBUAE) pumped AED 6.8 billion into the market in first two months of 2018 in a bid to meet its needs after the central bank had withdrawn excess liquidity in December 2017.
Certificates of Deposit (CDs) declined to AED 128.3 billion by the end of November 2017, down from AED 135.1 billion in December 2017, according to Emirates News Agency (WAM).
By the end of 2017, the CBUAE withdrew surplus liquidity at a value of AED 26.9 billion, pushing CDs to jump to their highest level since two years.
CDs fell to AED 132.4 billion in the first month of this year, compared to AED 135.1 billion a month earlier, while they registered AED 128.3 billion in February 2018.
